Asian biomass markets are witnessing profound shifts in trade and feedstock sourcing with South Korea and Japan setting the pace for China, Thailand, Indonesia and Malaysia. The Korean RPS (Renewable Portfolio Standard) and the Japanese feed-in tariffs (FiTs) for biomass have been important enablers of biomass trade in the region. Despite the potential, the Asian biomass market still face an uncertain future due to diverse challenges in cultivation, sub optimal pellet capacities, price volatilities, and cross border trade shifts. Korean and Japan’s demand for bioenergy depends on competitive sourcing of pellets from global sources. Moving forward, global and regional Asian pellet suppliers will have to invent novel supply models to remain competitive.
Among the panelists are Chang Joo Ok, President & CEO of Korea East-West Power Co., delivering the keynote address and Timothy Ong, interim Chairman of Pellet Association Malaysia (PAM) speaking on the new initiatives in Malaysian biomass trade.
Addressing Biomass pellet trade and development of wood pellets market trends is Prof. Gyu-Seong Han from Chungbuk National University (Forest Product Marketing Center), while global trade dynamics end was covered by Nick Tsirigotis of EDF Trading. Sharing DONG Energy’s experiences in conversion of coal to wood pellets fired power plant is Jens Price Wolf and elaborating on sustainable supply strategies will be Matt Bovelander of Indufor Asia Pacific Ltd.
An inside perspective on going biomass-based power generation projects from South Korea's top power utilities, Korea Southern Power (KOSPO), Korea East-West Power (EWP), Korea South-East Power (KOSEP), Korea Western Power (KOWEPO) and Korea Midland Power (KOMIPO) allows for a rare opportunity to assess the emerging scenario.
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